3/17/2014 3:45 PM ET|
An ETF to invest in LGBT-friendly companies
A new fund appeals to a different kind of activist investor -- by holding only stocks of businesses that support equality in the workplace.
This month fund provider ALPS launched the Workplace Equality Portfolio (EQLT), which falls in the category of social investing because the fund will own companies that support lesbian, gay, bisexual and transgender equality in the workplace.
Companies are scored on the Human Rights Campaign Corporate Equality Index and must score 100 percent to be included in the fund. The index is based on hiring practices and offering health care and other benefits to same-sex partners or spouses.
From a fund marketing standpoint, the launch of EQLT could not have come at a better time as controversy over Arizona SB 1062 went viral. The bill would have allowed businesses to refuse service to potential customers based on religious beliefs. The Arizona legislature passed the bill, but it was vetoed by Governor Jan Brewer.
Also coincident to the debut of EQLT was the news that longtime NBA journeyman Jason Collins signed a 10-day contract with the Brooklyn Nets. Collins is the NBA's first openly gay player.
And over the weekend, St. Patrick's Day parades in New York and Boston lost major corporate sponsorships from Guinness (DEO) and Sam Adams (SAM), respectively, over their exclusion of gay and lesbian groups.
The process to bring an ETF to the market takes many months, and so the launch of EQLT happening now is coincidental to these news stories.
The fund's literature compares EQLT with the S&P 500 ($INX), but the fund has just 164 constituent holdings and differs considerably from the benchmark at the sector level.
It has a 24 percent weighting in consumer discretionary, compared with 12.5 percent for the S&P 500. It is also overweight financial stocks by 6.7 percent and extremely underweight the energy sector with less than 1 percent.
Many of the individual holdings will be familiar names, including some retailers, hotels, airlines and Apple (AAPL).
The objective of this fund is as a broad proxy for the domestic stock market. Index performance data are provided going back 10 years. Average annualized returns for the index for that time period was 10.41 percent, versus 7.41 percent for the S&P 500.
The Workplace Equality Index also outperformed on an annualized basis for five years and three years. Most of the outperformance, however, can be attributed to 2013, when it was up 50 percent, compared with a 32 percent rise for the S&P 500.
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Does every aspect of gay life have to be touched on? Shouldn't this focused topic be discussed on gay websites? This is rediculous. If you are going to provide focused articles, how about investing for short guys? investing for african-americans? investing for the handicapped? Think aobut how absurd this article is.
Is not Guinness an Irish company from a strongly traditional; Catholic country?
Seems a bity odd for them to be boycotting a parade that wants only traditional,
family friendly folks in it. Yes, there are rainbows in our traditions, but they all
have pots of gold at the end of them.. not political and social agendas. No place
for that.. right or left.. in a St Patty's Day parade.
Oh yes they must have every special right available to them since the LGBT/GLAAD Bands are the coolest thing. I want to be gay. I think gay is the most-ist. Wow it would be so awesome to be gay. Oh Mom & Dad why wasn't I born to be gay? Oh the LGBT is the best thing ever. Love you all.
Now since I showed I'm cool about LGBT am I accepted to be in the club? What a bunch of LOSERS!!!!
THE “HEROES” OF THE DEMOCRATS
FL-1064284, you said; "Notice the extreme self-centeredness and selfishness of the homosexual"
The evidence suggests you're correct. Their hero is Harvey Milk. Harvey never did one thing that wasn't self-serving. He laughed about his raping of a youngster. When the victim threated suicide... Milk told him: "don't leave a mess"
We can learn a lot about a person or group by learning about their heroes.
By the way, sodomy laws in California, among the states where Harvey Milk's crimes against minors were committed, have a separate legal category and language. For someone Harvey Milk's age at the time, in his mid 30s, to sodomize the 16 year old minor boy, is to this day regarded as a felony. Either he committed a felony or he didn't. Also, in the book The Mayor of Castro Street that documents his felony child-sodomizing, he is referred to by witnesses close to him at the time as having a penchant for "waifs with substance abuse problems". Having sex with a minor who is intoxicated falls under the date-rape statutes and also, due to the age difference between Milk and his child-victims, a felony for each count, if memory serves..
So that his crimes were documented, admitted to by him and even published in a book that had a movie spinoff "Milk", means that his being a felonious child-sodomizer is a matter of pop-culture dinner table knowledge. Even given that, gays chose him and no other to head-up their ambassadorship to children no less, in California schools under the SB-48 mandate to teach hero-worship of gays to kids at schools.
Gays chose a pedophile. They even have succeeded or are pressing to succeed to mandate a legal holiday in which children in school are mandated to pay homage to the pedophile as representative of "all things gays stand and struggle for".
It is interesting that people who wrote books about Harvey Milk documented his lust for young boys. His confidants are quoted as saying he had a "particular taste for young boys" which he raped repeatedly. I mean if you have a problem with Catholic priests molesting young boys, you have to have the same problem with Harvey Milk - that is if you have a shred of intellectual honesty in your body.
THIS IS THE HOMOSEXUAL'S HERO, THE MAN WHO SPENT HIS LIFE RAPING UNDERAGE BOYS. OBAMA HAD MILK PUT ON A US POSTAGE STAMP TO HONOR MILK, SO HARVEY MILK IS OBVIOUSLY OBAMA’S HERO.
EVERY TIME YOU VOTE DEMOCRAT YOU VOTE FOR "HEROES" LIKE THIS PERVERT. THINK ABOUT IT!
Wow! Today Obama froze the assets of several Russian INDIVIDUALS. Not national assets, but the assets of a few individuals. wow, is Putin feeling the pressure? I hear chuckles coming from across the sea, and they are laughing at all of us. ANd not that laughs are important, we can all take that, but we will all pay the price of world instability all brought to you by Democrat weakness.
Hmm? After WWI, then LIKE NOW, the U.S and the world was burned out on war and had a hunger for "normalcy". And what happened? We turned inward, believed in disarmament, and pushed to increase the use of "international law" (you know .. Obama says “get with the 21st century”, war was so passé). Much of the western world was consumed with guilt over past deeds.
So what happened? Rogue regimes figured out pretty quickly that liberal democracies weren't interested in policing the world. In 1931 Japan invades and brutalizes Manchuria, Japan thumbs its nose at the League of Nations. Italy invades Ethiopia? Why not there was no one too object or push back. And then we have Chamberlain.
So, Obama starts out the shoot in 2009, "negotiating” with Russia, gives up hundreds of American nukes for NOTHING in return from Russia. He pushes the "Reset" button. Russia objects to more former Soviet states being added to NATO, Obama backs down. Russia objects to staging missile defense assets in Poland, Obama backs down. Obama PROMISES to support Ukraine (whatever the heck that meant or means). Hmm? He does nothing about Iran's nuclear program. Then he draws a red line. It is crossed, so he draws it again. It is crossed and then he says "it is not if but when we attack Syria". Then he hees and haws and then says..... “Ah ... well .... Ah.... maybe we should ask congress about this". So Hitler invades Poland.... a ... I mean Putin invades the Crimea.
If you do not know your history, you are doomed to repeat it. You have to be a moron, and we have one in the White House and an Administration full of them, to not understand way Putin laughs as he invades the Crimea. And, I know your heads will explode, and I am not a fan of Palin, but even Palin said years ago (YEARS AGO) Putin will invade the Ukraine. And I remind you Crimea is the Ukraine.
So what does Obama do? Well, he insults Putin saying "he is living in the 19th century". Well, take that Putin! He told you! WOW!! Obama chides Putin saying, “Does he not know that civilized nations take issues to the UN?”
We will not go to war with Putin, but we should be putting missile defense assets in Poland tomorrow. We need to be careful, but we should be taking about adding members to NATO. (Which by the way, why did Putin object to adding Ukraine to NATO years ago? Gee ... ah ... would Putin have invaded a NATO country?) AH, I don't think so. So what is your first move if you are Putin with eyes to reconstitute the Soviet nations? Well duh, don't allow any to join NATO.
This is so obvious and yes REPUBLICANS saw this five years ago. I did.
Ok, so who else will now go rogue seeing Obama is a weak moron? Watch and learn. Of course if you are a Democrat you will not, your head will be in the sand as long as YOUR GUY is in charge and naturally can do no wrong, is perfect in every way.
7. The laws we have in place for marriage benefits and worker benefits would undergo radical changes costing tax payers billions of dollars and increasing the national debt. Virtually any two people will be able to claim marriage benefits simply by claiming they are gay or bi-sexual which will produce catastrophic fraud with both business and government benefits. For example, two heterosexual male roommates could get “married” in order to claim partner benefits from the company that one of them worked at while maintaining relationships with girlfriends and just claim they are “bisexual.”
8. Christian businesses and individuals are being sued if they stay true to God and their morals and do not support gay marriage. Eventually, courts may even put Christians in jail for not compromising their morals and their faith in God.
9. The homosexual extremists are using lawsuits and liberal judges to avoid a democratic vote of American people. Where they lose under a constitutional vote they will try to use judges who have no respect for the Constitution. This has already occurred in several states.
10. Extremist homosexuals are exposing our children to all types of sexual immorality and they see nothing wrong with doing that. Radical homosexuals are teaching children in California schools and indoctrinating them with their immoral propaganda.
11. Extremist homosexuals are going around the country suing businesses who do not want to become involved with their immoral lifestyle. They have a group of specific lawyers that are funded by these extremists and all that these lawyers do is attack Americans with lawsuits and try to ruin their businesses and their lives.
12. 5 and 6 year old little boys are being told that they might actually be a little girl. Homosexual agenda friendly psychologists, told a mother that her 5 year old boy is actually a girl trapped in a male body EVEN THOUGH THE LITTLE BOY IS A PHYSICALLY NORMAL LITTLE BOY IN EVERY WAY AS VERIFIED BY MEDICAL EXPERTS.
There is a current case where a Christian photographer refused to be the photographer at a gay wedding because it violates Biblical morals and their religious beliefs. The radical, extremist homosexuals sued the business even though there were numerous other photographers who would have shot the wedding. Recently the New Mexico Supreme Court ruled that the Christian business must compromise their deeply held beliefs and faith in God to appease the radical demands of the homosexual extremists. This is just one example the radical, homosexual extremists raping and forcing their immorality off on others who don’t agree with them.
These are just a few examples of the catastrophic destruction the legalization of gay marriage would bring and is bringing on our country. A lot more will surface.
PLEASE COPY THIS AND POST IT TO OTHER WEBSITES. WE MUST WORK TOGETHER AS AMERICANS TO STOP THE LIBERAL, EXTREMIST, HOMOSEXUAL, DEMOCRAT AGENDA WHICH IS BASED ON LIES.
BREAKING NEWS: Bubba has come out of the closet and professed that he was born to "love children," and he can't help they way that "god made him." Bubba plays for UOP (university of perverts). NFL commissioner Roger Goodell has commended Bubba for his courage and is calling Bubba a hero for taking his brave stand. NAMBLA has come out in support of Bubba saying it is his "civil right" to have sex with consenting children and only bigots and pedophobes object. Stay tuned for more breaking news.
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Equities began the day on a cautious note amid continued concerns regarding the strength of the global economy. Over the weekend, China reported its first decline ... More
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